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To: groanup
based on what you actually stated: Do you think we are headed for a depression?

It's premature for anyone to do anything more than speculate on whether there will be a depression, much less flatly state that we are headed for one. And as you well know, statistics don't show that we are "technically" even in a recession (I would think that a recession would be a precursor to a depression). Notwithstanding the technicalities, however, I believe it is obvious that we are experiencing a recession. And as I stated earlier, recessions are experienced anecdotally during the fact; statistics prove what is felt long afterwards.

What you laugh at, however, is the clear parallels in the here and now and the economic policies/practices, events, and statements made prior to the Depression. Ignoring these historic warnings, imho, is nothing less than stupid.

326 posted on 03/18/2008 1:38:33 PM PDT by nicmarlo
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To: nicmarlo
Ignoring these historic warnings, imho, is nothing less than stupid

You want to talk history? I can. If you want to use historic indicators then you should be buying like crazy. The historic buy signals outnumber the historic sells 10 to 1.

329 posted on 03/18/2008 2:03:00 PM PDT by groanup (War is not the answer. Victory is.)
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